Textured Soy Protein Market Global Information by Type (Conventional and Organic), Form (Soy Protein Concentrates, Soy Protein Isolates and others), Application (Meat Substitutes, Dairy Alternatives and others) and Region – Forecast Till 2023
Textured Soy Protein (TSP), is a vegetable protein processed from soy beans and is available in a fibrous form.
TSP is gaining huge demand since it functions as a meat analogue in a variety of food items.
Textured soy protein market is growing substantially, owing to the high consumption of meat alternatives and plant sources protein with essential amino acids and numerous nutrients.
The soy beans are heated so that the heat denatures the soy beans into a fibrous, insoluble, porous network that can soak up as much as three times its weight in liquids.
Soy is grown organically and conventionally, where organic soy plays an upper hand with beneficial nutritional properties due to its higher protein content and lower saturated fat levels as compared to conventional soy.
Textured Soy Protein Market Global Information by Type (Conventional and Organic), Form (Soy Protein Concentrates, Soy Protein Isolates and others), Application (Meat Substitutes, Dairy Alternatives and others) and Region – Forecast Till 2023
Textured Soy Protein (TSP), is a vegetable protein processed from soy beans and is available in a fibrous form.
TSP is gaining huge demand since it functions as a meat analogue in a variety of food items.
Textured soy protein market is growing substantially, owing to the high consumption of meat alternatives and plant sources protein with essential amino acids and numerous nutrients.
The soy beans are heated so that the heat denatures the soy beans into a fibrous, insoluble, porous network that can soak up as much as three times its weight in liquids.
Soy is grown organically and conventionally, where organic soy plays an upper hand with beneficial nutritional properties due to its higher protein content and lower saturated fat levels as compared to conventional soy.
According to the current analysis of Reports and Data, the global Textured Soy Protein Market was valued at USD 2,235.5 Million in 2020 and is expected to reach USD 4,303.5 Million by 2028, at a CAGR of 8.40%.
Soy protein is a defatted soy flour product, commonly known as soy meat, soya chunks or texturized vegetable protein, is a by-product in the process of extracting oil from soybean.The report offers a thorough analysis of the regions with regards to production and consumption patterns, supply and demand dynamics, import/export, technological and product advancements, current and emerging trends, consumer demands, consumer behavior shifts, and presence of key market players in each region.
The report also covers a comprehensive country-wise analysis to impart better understanding of the scope and growth of the market.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2071Key Players:Key participants include DowDuPont, Victoria Group, Archer Daniels Midland, Wilmar International, Bremil Group, Shandong Yuxin Bio-Tech, Sonic Biochem, Linyi Shansong Biological Products, Crown Soya Protein Group, and Hung Yang FoodsFurther key findings from the report suggest:Textured Soy Protein market is growing at a CAGR of 5 % in Asia Pacific followed by North America and Europe, with 9.3 % and 9.1 % CAGR, respectively.
Rising health consciousness is the key factor to accelerate the market growth during forecast period across all regionsAs of 2018, Non-GMO product type segment is the dominating the industry which holds 40.2% of the global industry.
North America regional market is the chief revenue generating source for this product segment, followed by Europe and Asia-Pacific regionsConventional source type segment was valued at USD 603 million in 2018 and is expected reach USD 1.2 billion by 2026, growing at a CAGR of 9.2 %.Organic type segment is expected to be the second fastest growing market segment during forecast period 2019 - 2026 with a CAGR of 9.7 %.
However, unpleasant flavors and lack of awareness are major challenge for the industry growth of this segmentRequest customization of the report @ https://www.reportsanddata.com/request-customization-form/2071Market Segmentation:Type (Revenue, USD Million; 2018–2028)Non-GMOConventionalOrganicOthersForm Type (Revenue, USD Million; 2018–2028)ConcentratesIsolatesSoy flourApplication Type (Revenue, USD Million; 2018–2028)FoodMeat SubstitutesDairy AlternativesInfant NutritionBakeryFeedRegional Outlook (Revenue in USD Million; 2018–2028)North AmericaU.S.CanadaEuropeGermanyFranceUKSpainItalyRest of the EuropeAsia PacificChinaIndiaJapanRest of Asia-PacificMiddle East & AfricaLatin AmericaBrazilBrowse full report here @ https://www.reportsanddata.com/report-detail/textured-soy-protein-marketKey Points Covered in the Report:Comprehensive analysis of latest and emerging trends influencing the growth of the marketSWOT analysis of each major market player along with in-depth analysis of major market players with detailed portfolio of their products, production capacity, revenue estimation, and gross marginMarket concentration, production and consumption ratio, demand & supply analysis, and import/exportStrategic recommendations to the new entrants as well as established companies to make beneficial business decisionsThank you for reading this article.